Powerfleet, Inc. — Director's Dealing 2022

Sep 9, 2022

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: PowerFleet, Inc. (PWFL)
CIK: 0001774170
Period of Report: 2022-08-29

Reporting Person: Maley Patrick John (Chief Revenue Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.01 per share	75000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Options (right to buy)	$2.85	2032-03-07	Common Stock, par value $0.01 per share (150000)		Direct
Employee Stock Options (right to buy)	$2.85	2032-03-07	Common Stock, par value $0.01 per share (450000)		Direct

Footnotes

F1: Consists of 75,000 restricted shares of common stock, par value $0.01 per share ("Common Stock"), of PowerFleet, Inc. (the "Company") granted to Patrick Maley (the "Reporting Person") under the Company's 2018 Incentive Plan, as amended (the "2018 Plan"), which vest as to 25% of such shares on each of the first, second, third and fourth anniversaries of March 7, 2022 (the "Grant Date"), provided that the Reporting Person is employed by the Company on each such date.

F2: On the Grant Date, the Reporting Person was granted options to purchase 150,000 shares of Common Stock under the 2018 Plan. Subject to the terms and conditions of a stock option grant agreement and the 2018 Plan, this award vests as to 25% of such options on each of the first, second, third and fourth anniversaries of the Grant Date, provided that the Reporting Person is employed by the Company on each such date.

F3: On the Grant Date, the Reporting Person was granted options to purchase 450,000 shares of Common Stock under the 2018 Plan. Subject to the terms and conditions of a stock option grant agreement and the 2018 Plan, this award vests in full if the volume weighted average price of the Common Stock during a consecutive 60 trading day period (the "60 Day VWAP") reaches $12.00 per share, provided that the Reporting Person is employed by the Company on such date.